Abstract- This paper aims to identify theimpact of incentive schemes on factors that affect employee performance. Theresearcher identified three categories of employees of Singareni CollieriesCompany Limited such as workers, clerical staff and supervisory staff. Thestudy explores the impact of incentives on several factors like motivation,absenteeism, employee turnover, production and productivity, employee morale,health and working conditions, team work, rewarding and work satisfaction ofemployees. The data were collected through questionnaire from 120 respondentsof all categories. The data analysis were done based on the mean score,independent sample z-test was used to find any difference exist among employeesin pursuing incentive schemes, findings and conclusions were drawn from all thethree categories of employees. On the whole general satisfaction is found amongall categories of employees. The overall analysis revealed that incentivesschemes are giving satisfactory results in improving employee performance apartfrom increasing incomes of the workers and other benefits.
Keywords: Absenteeism, Incentive,Motivation, Performance, Reward